The international rating agency is expected to announce today its assessment of the Greek economy
With eyes fixed on tonight’s verdict by Moody’s, the bond market moved today.
The international rating agency is expected to announce its assessment of the Greek economy today.
It is recalled that Moody’s is the only international rating agency that maintains the credit rating of our country, one grade (Ba1) below investment grade. On the contrary, DBRS, Fitch, S&P, Scope have already classified the Greek market in the investment grade category.
Greece’s last upgrade by Moody’s was about a year ago, raising its credit rating by two notches.
However, the buying interest in Greek bonds is maintained with their margin against German bonds remaining below 1%.
Today in the secondary market and more specifically in the Electronic Transaction System of the Bank of Greece (HDAT) transactions of 113 million euros were recorded, of which 27 million euros related to purchase orders. The yield of the Greek 10-year bond stood at 3.13% against 2.145% of the corresponding German bond, resulting in a margin of 0.98%
Source: Skai
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